Gallagher News and Insights

Gallagher is continuing to support our Victorian clients through this crisis. In response to increases in COVID-19 cases the Victorian government has declared a state of disaster and introduced new lockdown laws, including stage 4 restrictions applying in metropolitan Melbourne and stage 3 restrictions in regional areas. The following guide provides a quick reference to what this means.

For every business profitability is linked to productivity, which is dependent on your people. With 1 in 5 Australians suffering from mental health issues each year, according to the Black Dog Institute, costing businesses of $10.9 billion+ per annum, proactive management is essential. Training your organisation’s management team enables them to identify problems and people at risk, and...

Australian broadacre crop growers face one of the riskiest environments in the world, with climate change set to deliver increases in the frequency and severity of extreme weather events. Following the withdrawal of most multiperil crop insurance products over the last 2 years, growers have been left exposed to a variety of risks. Now a new form of protection, Weather Index Insurance, has...

Workplace safety challenges continue to change as COVID-19 infection clusters erupt in densely populated areas, while businesses attempt to return to ‘new normal’ operations in various parts of Australia. Many businesses will be juggling multiple premises and staff working environments, including working remotely (or working from home) and working in a mobile capacity.

There has been increased focus on working conditions for employees in Australian businesses, partly due to revelations of unlawful practices in some industry sectors, as well as safety concerns triggered by the COVID-19 pandemic. We highlight 4 important compliance requirements with regional applications for the states and territories concerned, and for businesses operating in multiple...

Being forced to suspend trading due to cyber interruption can cause bigger losses than the event itself. This article identifies key business vulnerabilities and offers risk management solutions.

Cyber risk is a leading concern in business as threat actors continue to attack organisations of all sizes across all industry sectors. As we increasingly depend on technology, access to data and chains, the attack surface grows larger by the day. Globally Gallagher cyber experts provide key information and insights on the growing risks and protections in the construction space.

Small to medium-sized enterprises are estimated to account for 96% of all businesses in Australia and approximately 40% of all cyber crime targets. You wouldn’t gamble on these odds so you shouldn’t risk your business future by leaving yourself open to attack. Here are the 3 keys to understanding how you could become a cyber crime victim and what to do to avoid it.

When business is going well you don’t want to leave yourself behind by overlooking risks that have evolved along with your enterprise’s growth. Your staff numbers, operations, offerings and management team may all have expanded, and you need your insurance protection to keep pace. Management liability cover is especially important for addressing the various risks in managing a business. Here’s...

The high levels of automation that maintain food and beverage manufacturing efficiency and enable fast processing that retains the quality of the ingredients make the industry an appealing target to cyber criminals, as the recent ransomware attack on Lion’s beverage manufacturing operations on 9 June 2020 demonstrates. Here are some of the factors food producers should be aware of.

As COVID-19 restrictions ease businesses making plans for travel should be aware that the intention of insurance is to cover sudden and unexpected events. Given travel restrictions and the high level warnings have been in place since 18 March this generally means travel insurance for COVID-related impacts is not available. Read on for specific communications relating to domestic and...

Real estate businesses are exposed to a broad range of risk exposures so it’s important to have comprehensive insurance cover for all your activities, and also to keep detailed records in case you do have to claim. Here are some tips to help you make sure your real estate business is properly protected.

Opportunistic and quick to respond to new vulnerabilities or exposures, cyber criminals have wasted no time in adapting to the conditions presented by Australia’s response to COVID-19. Gallagher cyber practice leader Robyn Adcock explains why the restrictions that helped contain the spread of the virus also encouraged a cyber crime wave.

As you consider returning your operations and staff to your business’s workplace you need provide for a range of factors and how you will deal with them. Risk assessment and management is essential. This COVID-19 Business Return to Workplace 4 step plan can be utilised by any business, with considerations around your primary mode of trading, the wellbeing of your employees and how your...

As the failure of Virgin Australia illustrates, local business boards are confronting the threat of insolvency in the face of reduced revenue and strategic uncertainty, according to a Company Director magazine article published 1 June. Company Director spoke with Gallagher National Head of Professional and Financial Risks Michael Herron, who stressed the need for boards to scrutinise their...

During times of change and vulnerability insurance remains essential to business operations and continuity. Whether the cover applies to your business assets, employees, clients and customers or members of the general public you service, you need to ensure you have the four core business insurances that can provide added protection during uncertain times.

As restrictions ease business owners shouldn’t sell themselves short on essential protections. Business insurance expert Stephanie Fox explains why.

Transport businesses have specific insurance needs and risk exposures which require careful consideration, particularly in light of the current COVID-19 pandemic environment.

As Australian governments continue to ease restrictions, at least 119 film and television productions paused during the COVID-19 shut down are now mapping out their plans for returning to work. When filming resumes it will be under very different conditions and insurance considerations and risk management strategies will need to be examined and changed accordingly.